give one characteristic of demand deposits
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Demand deposits have the following characteristics:
1) Funds are payable on demand.
2) Funds can be interest bearing.
3) No eligibility requirements.
4) No limit on the number of withdrawals or transfers.
5) No maturity period.
Answered by
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Demand deposits have the following characteristics: Funds are payable on demand. Funds can be interest bearing. No eligibility requirements.
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